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Nov 16, 2012
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joining us now is martin fletcher following the story for us. martin, good morning. we've heard the violence continuing. what's the latest now? >> israel's complain for the cease fire was that palestinians shoulds also cease fire and that didn't happen. and there's been a flurry of activity this morning with israeli airplane strikes on the targets. so more of the same. 85 separate israeli air strike this is 45 minutes. but at least there was an attempt. and the cease fire is a mission of support, but also to try to encourage hamas to deal with the more longer term cease fire. there is a possibility that the turkish prime minister will also visit gaza. so there are s. a lot of international pressure building up on hamas to agree to a cease-fire mainly because everyone is of a phrase of an israeli ground invasion. all signs are that ez really is really building up its forces. 16,000 soldiers have been summoned to their bases. so israel is making every preparation for an invasion of ground invasion of gaza. doesn't mean it could happen. it could just be a show of force.
joining us now is martin fletcher following the story for us. martin, good morning. we've heard the violence continuing. what's the latest now? >> israel's complain for the cease fire was that palestinians shoulds also cease fire and that didn't happen. and there's been a flurry of activity this morning with israeli airplane strikes on the targets. so more of the same. 85 separate israeli air strike this is 45 minutes. but at least there was an attempt. and the cease fire is a mission of...
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Nov 21, 2012
11/12
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thank you for joining us. the central bank has been criticized by some for not cutting sooner and more aggressively. and the key policy rate still sits at 4.5% with growth coming down so rapidly, shouldn't the bank be moving more quickly. >> well, of course, i can talk about myself and my own views, and i think that we are trying still to continue saying normal monetary policy, and when i look around in europe, especially western europe, i don't see many similar cases. that does not necessarily mean that we are wrong. >> who are you more critical of, the bank of england with its qe policy, or the ecb, which has been r been resistant on moving more quickly? >> i would put more criticism on the bank of england or the fed. in any case, i would agree with what a german philosopher once wrote in 2009 that would resolve around policies that it is a kind of a robbery of the future by the present. we are trying to avoid that. to an extent, it is possible for a small open economy. >> all well and good academically, but
thank you for joining us. the central bank has been criticized by some for not cutting sooner and more aggressively. and the key policy rate still sits at 4.5% with growth coming down so rapidly, shouldn't the bank be moving more quickly. >> well, of course, i can talk about myself and my own views, and i think that we are trying still to continue saying normal monetary policy, and when i look around in europe, especially western europe, i don't see many similar cases. that does not...
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Nov 22, 2012
11/12
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joining us, chief european economist. ricar ricardo, thanks for joining us. so still a negative territory. what does this point to in terms of the economic decline for the fourth quarter? >> i think it's in line with the idea that real sgchlt dp will decline by at least 0.2%, possibly 0.3%. it will give us a negative entry point in 2013 when i expect an average growth of minus 0.2%. so still moderately recession territory. >> the german flash composite pmi 47.9, services 48, manufacturing 46.8, is germany -- we just saw the 0.2% print. is girl aermany going to have a negative contract? >> i'm looking for a contraction of minus 0.2. so only aed modest one. i expect activity will stabilize in q1 of next year, but obviously that requires a favorable external environment, meaning u.s. not going into this deep due to the fiscal cliff. and also signs of improvement in asia. >> meanwhile the french pmi says the survey there suggests a 0.7% gdp drop in quarter 4 for france. >> that seems quite large. we've seen in recent quarters numbers out of front which were highe
joining us, chief european economist. ricar ricardo, thanks for joining us. so still a negative territory. what does this point to in terms of the economic decline for the fourth quarter? >> i think it's in line with the idea that real sgchlt dp will decline by at least 0.2%, possibly 0.3%. it will give us a negative entry point in 2013 when i expect an average growth of minus 0.2%. so still moderately recession territory. >> the german flash composite pmi 47.9, services 48,...
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Nov 30, 2012
11/12
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thank you for joining us. you can give a sense as to whether this stimulus package is expected to finally revive hopes for japan's economy? >> i'm afraid that we've seen too much of that, it's been already like two decades seeing fiscal and monetary packages coming in on top of an economy that actually needed deleveraging. and there's lots of lessons we can learn for europe on japan's experience. there's really not much you can do. you need to go through that what japan needs is liberalization. opening up to everything you can imagine which comes from a broad labor force to competition. that's what japan really needs. so i am not very positive on this additional fiscal stimulus package. >> is what kind of structural reform are you talking about? because it does seem as though for an economy like japan's, it is fiscal stimulus, it is monetary stimulus that has to come in and avoid a broader downturn. >> as i mentioned, i mean, fiscal and monetary stimulus are welcome when you are in the process of recovery. but
thank you for joining us. you can give a sense as to whether this stimulus package is expected to finally revive hopes for japan's economy? >> i'm afraid that we've seen too much of that, it's been already like two decades seeing fiscal and monetary packages coming in on top of an economy that actually needed deleveraging. and there's lots of lessons we can learn for europe on japan's experience. there's really not much you can do. you need to go through that what japan needs is...
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Nov 15, 2012
11/12
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eunice has more for us this morning. it sounds like a pretty signature consolidation of power under xi. >> definitely is a consolidation of power. he'll get a very strong mandate as you had mentioned to run this country the way that he wants. he gets the three top titles, the most powerful are party chief, president as well as military commander. that is very significant because it allows him to have more control over his own agenda. when he went to meet the press this morning, he was looking very casual, looking a about folksy. when he was youtd lining the challenges ahead for the nation. >> our party faces many challenges and there are many pressing problems that need to be resolved. the problems among our party members of corruption, taking bribes, being out of touch with the people, undue emphasis on formalities must be addressed with great efforts. the whole party must be vigilant against them. >> the problem is, though, that it's still unclear how he's going to tackle all of those challenges and just how aggressive
eunice has more for us this morning. it sounds like a pretty signature consolidation of power under xi. >> definitely is a consolidation of power. he'll get a very strong mandate as you had mentioned to run this country the way that he wants. he gets the three top titles, the most powerful are party chief, president as well as military commander. that is very significant because it allows him to have more control over his own agenda. when he went to meet the press this morning, he was...
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Nov 23, 2012
11/12
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let us know. worldwide@cnbc.com, at@cnbcwex,@ rosswestgate. >>> we'll be in tell a vee with the latel aviv with the latest when we come back. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. >>> a recap of the headlines. draghi defends plans for a banking supervise or saying the central bank is the best candidate for the job. germany's ifo business climate index rises above forecasts for november. and the eu wubudget battle rage on as they pail to reach a compromise. israeli gunfire has reportedly killed a palestinian along the gaza border. stephanie gosk joining us. i don't know if you have anymore information about this, but if true, of course that would be the first incident since the cease fire. what's the latest there. >> >> it would be, ross. our team on the ground in gaza tells us this was a 20-year-old kid, he was with his fri
let us know. worldwide@cnbc.com, at@cnbcwex,@ rosswestgate. >>> we'll be in tell a vee with the latel aviv with the latest when we come back. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. >>> a recap of the headlines. draghi defends plans for a banking supervise or saying the central bank is the best candidate...
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Nov 19, 2012
11/12
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mike, good to have you with us. just talk me through some of the points from this recent research. >> well, business travel is the leading indicator for the business at large for the economy at large. so going off the fiscal cliff will result in a severe and immediate impact, not only just to business travel, but to the overall economy. this is not a good thing obviously. and something that lawmakers need to work very hard to a vote. >> the up in number of business is set to drop in 2013, but we'd see a pick up in 2014. in other words, if they don't reach an agreement on the fiscal cliff, is it just a nine month bleep and then we recover? >> business travel is a leading indicator. so as companies want to grow top line again, they will invest this business travel at some point. but clearly avoiding the fiscal cliff will be a good thing because companies wouldn't have to go through a severe cut back first before starting that growth pattern again. business travel drives the economy. it's an investment that companies m
mike, good to have you with us. just talk me through some of the points from this recent research. >> well, business travel is the leading indicator for the business at large for the economy at large. so going off the fiscal cliff will result in a severe and immediate impact, not only just to business travel, but to the overall economy. this is not a good thing obviously. and something that lawmakers need to work very hard to a vote. >> the up in number of business is set to drop in...
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Nov 20, 2012
11/12
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joining us is reporter at nbc news. chapman, thanks for joining us. there's a temporary hold on any ground operations, but how easy is to get from that to a wider cease fire? >> to add to the growing call, hillary clinton is on her way to the region now to add her weight behind the cease fire. now, she along with secretary general ban ki-moon of the u.n., they will push for the cease fire. she first meets in israel with netanyahu to try to see what she can do to get the cease fire in order. because this is day seven now of this conflict where it continues. overnight the israeli defense force targeted 100 different attacks within gaza by air and sea, targets they said were necessary to stop the flow of missiles and rockets out of gaza, underground bunkers, store am depots and even financial institutions for hamas. this morning militants within gaza responded with volleys of rocket there is to israel -- into southern israel in response to the overnight attacks. so there's a growing call for this cease fire particularly over 100 people killed within gaza
joining us is reporter at nbc news. chapman, thanks for joining us. there's a temporary hold on any ground operations, but how easy is to get from that to a wider cease fire? >> to add to the growing call, hillary clinton is on her way to the region now to add her weight behind the cease fire. now, she along with secretary general ban ki-moon of the u.n., they will push for the cease fire. she first meets in israel with netanyahu to try to see what she can do to get the cease fire in...